Commerce · Class 11 Commerce
Ch 7Cooperative Organisation — Class 11 Commerce, concept-first.
A cooperative society is a voluntary association of persons — usually people of limited means, such as farmers, weavers, small traders, salaried employees or consumers — who join together not to maximise profit for its own sake, but to promote their common economic interests through mutual help.
Key concepts
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Cooperative Society and Rochdale Principles
A cooperative society is a voluntary association formed on the principle of self-help through mutual help, to promote the common economic interests of its members rather than to maximise profit.
Most relevant Q&A
- In a cooperative society, voting power in the general body is based on the principle of: (a) One share, one vote (b) One member, one vote (c…Free
- Define a cooperative society.Free
- What is meant by "distribution of surplus in proportion to patronage" in a cooperative society?Preview
- Explain the Rochdale Principles of cooperation.Free
- Rochdale society of equitable pioneers was started by ________. (a) Robert Owen (b) H.C. Calvert (c) Talmaki (d) LambertPreview
Chapter contents
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Meaning and Definition of a Cooperative Society
A cooperative society is a voluntary association of persons — usually people of limited means, such as farmers, weavers, small traders, salaried employees or consumers — who join together not to maxim…
Principles of Cooperation (Rochdale Principles)
The modern cooperative movement traces its principles to the Rochdale Society of Equitable Pioneers, a group of 28 weavers who started a cooperative store in Rochdale, England in 1844.
Features of a Cooperative Society
1. Voluntary membership: Any person able to use the society's services may join, and any member may leave by giving proper notice; no one is coerced into joining or staying.
Types of Cooperative Societies
Cooperative societies are classified by the specific economic need they are formed to serve:
Registration of a Cooperative Society
A cooperative society comes into legal existence only on registration under the applicable Cooperative Societies Act — the central Cooperative Societies Act, 1912 laid down the original legal framewor…
Merits of Cooperative Organisation
1. Easy to form: Registration formalities are comparatively simple and inexpensive — a minimum of ten persons can apply, and legal formalities are lighter than those for forming a joint stock company.
Limitations of Cooperative Organisation
1. Limited capital: Because membership is largely drawn from people of modest means and shares are kept at low, affordable denominations, a cooperative society's own capital base tends to stay small,…
Sample & Board Papers
Sample papers and previous-year board questions for this subject.
+−Show 6 questionsHide questions6 questions
- Q1Rochdale society of equitable pioneers was started by ________. (a) Robert Owen (b) H.C. Calvert (c) Talmaki (d) LambertPreview
- Q2Rochdale Society was started by ________. (a) Talmaki (b) Robert Owen (c) Lambert (d) H.C. CalvertPreview
- Q3The first Co-operative Society was started in ______. (a) 1872 (b) 1922 (c) 1932 (d) 1844Preview
- Q4Rochdale society was started by ______. (a) Talmaki (b) Robert Owen (c) Lambert (d) H.C. CalvertPreview
- Q5Write a short note on Housing Co-operatives.Preview
- Q6Who are Rochdale Pioneers?Preview
More questions
10 Q+−Show 3 questionsHide questions3 questions
- Q1In a cooperative society, voting power in the general body is based on the principle of: (a) One share, one vote (b) One member, one vote (c…Free
- Q2A cooperative society becomes a body corporate with perpetual succession and a common seal: (a) As soon as ten members agree to form it (b)…Preview
- Q3Which type of cooperative society is formed mainly to provide members short-term and medium-term loans at reasonable rates of interest? (a)…Preview